<div dir="ltr"><div><div>Earlier this year we added the following provision to the Policy Manual:<br><br><div style="margin-left:40px"><i><b>Section 2.03.17 -- Office Mortgage</b></i><br><i><b>It shall be the goal of the LNC to completely pay off the office mortgage as quickly as possible, and in any case prior to the due date of the 10-year balloon payment. Towards that end the LNC shall budget a minimum of $60,000 in each odd-numbered year to pay down the principal until the mortgage balance is zero. Fundraising for this specific purpose shall be made a high priority. This provision does not preclude additional fundraising and pre-payments in even-numbered years.</b></i><br>
</div><br></div>This means we're going to need to budget $60,000 in 2015 to pay down the mortgage. So the fact that we've raised $26,238 for the building fund in less than three months, <u>after</u> the closing, is extremely encouraging. It suggests that a dedicated "pay off the mortgage" fundraising campaign next year to raise that $60,000 ought to be quite feasible.<br>
<br></div><div>I have always been concerned about the risk that fundraising to purchase an office might cannibalize other fundraising efforts. However, a close look at the evidence has convinced me that it is not a zero-sum game, and that many donors who contributed to the office fund would not otherwise have contributed that same money to the LP for other projects or the general fund. The more serious risk is that we are cannibalizing our staff's time when we divert them to office fundraising instead of other efforts. That should be less of a problem during odd-numbered years when we aren't concentrating as much on ballot drives and impending elections.<br>
</div><div><br></div>Dan Wiener<br><div><div><div><div class="gmail_extra"><br><br><div class="gmail_quote">On Mon, Jul 21, 2014 at 6:37 PM, LP <span dir="ltr"><<a href="mailto:wes.benedict@lp.org" target="_blank">wes.benedict@lp.org</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div dir="auto"><div><br>Begin forwarded message:<br></div><blockquote type="cite"><div><b>From:</b> "Robert Kraus" <<a href="mailto:robert.kraus@lp.org" target="_blank">robert.kraus@lp.org</a>><br>
<b>Date:</b> July 21, 2014 at 8:19:23 PM EDT<br><b>To:</b> "'Wes Benedict'" <<a href="mailto:Wes.Benedict@lp.org" target="_blank">Wes.Benedict@lp.org</a>><br><b>Cc:</b> "'Nicholas Sarwark'" <<a href="mailto:chair@lp.org" target="_blank">chair@lp.org</a>><br>
<b>Subject:</b> <b>FW: LP Web Site Building Fund page</b><br><br></div></blockquote><blockquote type="cite"><div>
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<p class="MsoNormal"><font color="navy" face="Verdana"><span style="font-size:11pt;font-family:Verdana;color:navy">Wes,<u></u><u></u></span></font></p>
<p class="MsoNormal"><font color="navy" face="Verdana"><span style="font-size:11pt;font-family:Verdana;color:navy"><u></u> <u></u></span></font></p>
<p class="MsoNormal"><font color="navy" face="Verdana"><span style="font-size:11pt;font-family:Verdana;color:navy">Please feel free to forward. Yes we do
need to update the page and the tracker. I will work on a new tracker to “pay
off the mortgage!” but Erick can probably update the page based on the related
LP news article. <u></u><u></u></span></font></p>
<p class="MsoNormal"><font color="navy" face="Verdana"><span style="font-size:11pt;font-family:Verdana;color:navy"><u></u> <u></u></span></font></p>
<p class="MsoNormal"><font color="navy" face="Verdana"><span style="font-size:11pt;font-family:Verdana;color:navy">We’ve raised a total thru today of $416,538
gross towards the building not including expenses, down payment, etc.<u></u><u></u></span></font></p>
<p class="MsoNormal"><font color="navy" face="Verdana"><span style="font-size:11pt;font-family:Verdana;color:navy"><u></u> <u></u></span></font></p>
<p class="MsoNormal"><font color="navy" face="Verdana"><span style="font-size:11pt;font-family:Verdana;color:navy">We raised $26,238 of that since May 1<sup>st</sup>
(post closing). This is obviously an on going effort that folks want to
contribute to and should remain a featured “project” until the mortgage is paid
off. <u></u><u></u></span></font></p>
<p class="MsoNormal"><font color="navy" face="Verdana"><span style="font-size:11pt;font-family:Verdana;color:navy"><u></u> <u></u></span></font></p>
<p class="MsoNormal"><font color="navy" face="Verdana"><span style="font-size:11pt;font-family:Verdana;color:navy">At this point pretty much everything we
raised has been put towards expenses, build-out, moving related costs and the
down payment. So we are pretty much as of today at zero with $500,000 to go to
pay off the mortgage. <u></u><u></u></span></font></p>
<p class="MsoNormal"><font color="navy" face="Verdana"><span style="font-size:11pt;font-family:Verdana;color:navy"><u></u> <u></u></span></font></p>
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<p class="MsoNormal"><font color="navy" face="Verdana"><span style="font-size:11pt;font-family:Verdana;color:navy">Live Free!</span></font><font color="navy"><span style="color:navy"><u></u><u></u></span></font></p>
<p style="margin:0in 0in 0.0001pt"><font color="navy" face="Verdana" size="1"><span style="font-size:8pt;font-family:Verdana;color:navy"><u></u> <u></u></span></font></p>
<p style="margin:0in 0in 0.0001pt"><i><b><i><font color="navy" face="Freestyle Script" size="6"><span style="font-size:24pt;font-family:"Freestyle Script";color:navy;font-weight:bold">Robert</span></font></i></b></i><b><i><font color="navy" face="Verdana"><span style="font-size:11pt;font-family:Verdana;color:navy;font-weight:bold;font-style:italic"><br>
<br>
</span></font></i></b><font color="navy" face="Verdana" size="1"><span style="font-size:8pt;font-family:Verdana;color:navy"><u></u><u></u></span></font></p>
<p style="margin:0in 0in 0.0001pt"><font color="navy" face="Verdana"><span style="font-size:11pt;font-family:Verdana;color:navy">Robert
S. Kraus - Dir of Operations<br>
<a href="mailto:Operations@LP.org" target="_blank">Operations@LP.org</a><br>
Libertarian National Committee<br>
<u></u><u></u><u></u><u></u><u></u><u></u><u></u><u></u>Ph:
<a href="tel:202.333.0008%20x%20231" value="+12023330008" target="_blank">202.333.0008 x 231</a><u></u><u></u></span></font></p>
<p style="margin:0in 0in 0.0001pt"><font color="navy" face="Verdana"><span style="font-size:11pt;font-family:Verdana;color:navy"><u></u><u></u><u></u> <u></u><u></u><u></u></span></font></p>
<p style="margin:0in 0in 0.0001pt"><b><i><font color="navy" face="Verdana"><span style="font-size:11pt;font-family:Verdana;color:navy;font-weight:bold;font-style:italic"><u></u><u></u><u></u><u></u><u></u><u></u><u></u>***
WE HAVE MOVED ***<u></u><u></u><u></u></span></font></i></b></p>
<p style="margin:0in 0in 0.0001pt"><b><i><font color="navy" face="Verdana"><span style="font-size:11pt;font-family:Verdana;color:navy;font-weight:bold;font-style:italic"><u></u> <u></u></span></font></i></b></p>
<p style="margin:0in 0in 0.0001pt"><b><i><font color="navy" face="Verdana"><span style="font-size:11pt;font-family:Verdana;color:navy;font-weight:bold;font-style:italic">PLEASE NOTE: Effective June 1<sup>st</sup>
our address is </span></font></i></b><b><i><font face="Verdana"><span style="font-size:11pt;font-family:Verdana;font-weight:bold;font-style:italic"><u></u><u></u><u></u><u></u><u></u><u></u><font color="navy"><span style="color:navy">1444 Duke Street</span></font><u></u><u></u><u></u><u></u><u></u><u></u><font color="navy"><span style="color:navy">, </span></font><u></u><u></u><u></u><font color="navy"><span style="color:navy">Alexandria</span></font><u></u><u></u><u></u><font color="navy"><span style="color:navy"> </span></font><u></u><u></u><u></u><font color="navy"><span style="color:navy">VA</span></font><u></u><u></u><u></u><font color="navy"><span style="color:navy"> </span></font><u></u><u></u><u></u><font color="navy"><span style="color:navy">22314</span></font><u></u><u></u><u></u><font color="navy"><span style="color:navy">. </span></font></span></font></i></b><font color="navy" face="Verdana"><span style="font-size:11pt;font-family:Verdana;color:navy"><u></u><u></u></span></font></p>
<p style="margin:0in 0in 0.0001pt"><font color="navy" face="Verdana"><span style="font-size:11pt;font-family:Verdana;color:navy"> <u></u><u></u></span></font></p>
<p style="margin:0in 0in 0.0001pt"><font color="navy" face="Verdana"><span style="font-size:11pt;font-family:Verdana;color:navy"> <u></u><u></u></span></font></p>
<p style="margin:0in 0in 0.0001pt"><font color="navy" face="Verdana"><span style="font-size:11pt;font-family:Verdana;color:navy"> </span></font><b><i><font color="navy" face="Verdana"><span style="font-size:11pt;font-family:Verdana;color:navy;font-weight:bold;font-style:italic"><u></u><u></u></span></font></i></b></p>
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<div class="MsoNormal" style="text-align:center" align="center"><font face="Times New Roman" size="3"><span style="font-size:12pt">
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<p class="MsoNormal"><b><font face="Tahoma"><span style="font-size:10pt;font-family:Tahoma;font-weight:bold">From:</span></font></b><font face="Tahoma"><span style="font-size:10pt;font-family:Tahoma"> <a href="mailto:SAM8074@aol.com" target="_blank">SAM8074@aol.com</a>
[<a href="mailto:SAM8074@aol.com" target="_blank">mailto:SAM8074@aol.com</a>] <br>
<b><span style="font-weight:bold">Sent:</span></b> Monday, July 21, 2014 7:52
PM<br>
<b><span style="font-weight:bold">To:</span></b> <a href="mailto:lnc-business@hq.lp.org" target="_blank">lnc-business@hq.lp.org</a><br>
<b><span style="font-weight:bold">Cc:</span></b> <a href="mailto:wes.benedict@lp.org" target="_blank">wes.benedict@lp.org</a>;
<a href="mailto:robert.kraus@lp.org" target="_blank">robert.kraus@lp.org</a><br>
<b><span style="font-weight:bold">Subject:</span></b> LP Web Site Building Fund
page</span></font><u></u><u></u></p>
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<p class="MsoNormal"><font face="Times New Roman" size="3"><span style="font-size:12pt"><u></u> <u></u></span></font></p>
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<p class="MsoNormal"><font color="black" face="Arial"><span style="font-size:10pt;font-family:Arial;color:black">Wes or Robert,<u></u><u></u></span></font></p>
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<p class="MsoNormal"><font color="black" face="Arial"><span style="font-size:10pt;font-family:Arial;color:black"> <u></u><u></u></span></font></p>
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<p class="MsoNormal"><font color="black" face="Arial"><span style="font-size:10pt;font-family:Arial;color:black">I thought that we had already bought an
office condo and have moved into it yet our web site has the following active
page requesting donations:<u></u><u></u></span></font></p>
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<p class="MsoNormal"><font color="black" face="Arial"><span style="font-size:10pt;font-family:Arial;color:black"> <u></u><u></u></span></font></p>
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<p class="MsoNormal"><font color="black" face="Arial"><span style="font-size:10pt;font-family:Arial;color:black"><a href="http://www.lp.org/office-fund" target="_blank">http://www.lp.org/office-fund</a><u></u><u></u></span></font></p>
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<div>
<p class="MsoNormal"><font color="black" face="Arial"><span style="font-size:10pt;font-family:Arial;color:black"> <u></u><u></u></span></font></p>
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<p class="MsoNormal"><font color="black" face="Arial"><span style="font-size:10pt;font-family:Arial;color:black">This is very misleading and I would like
to know how much, if any, money has been contributed to this effort since the
purchase closed. Is it being held in a encumbered account as were the
contributions prior to the purchase? Will any contributions be used to
pay down the principal on the mortgage?<u></u><u></u></span></font></p>
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<p class="MsoNormal"><font color="black" face="Arial"><span style="font-size:10pt;font-family:Arial;color:black"> <u></u><u></u></span></font></p>
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<p class="MsoNormal"><font color="black" face="Arial"><span style="font-size:10pt;font-family:Arial;color:black">Having this contribution page still up
might be interfering with efforts to raise money for ballot access,
candidate training, affiliate support or other important party functions.<u></u><u></u></span></font></p>
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<p class="MsoNormal"><font color="black" face="Arial"><span style="font-size:10pt;font-family:Arial;color:black"> <u></u><u></u></span></font></p>
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<p class="MsoNormal"><font color="black" face="Arial"><span style="font-size:10pt;font-family:Arial;color:black">Please advise.<u></u><u></u></span></font></p>
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<p class="MsoNormal"><font color="black" face="Arial"><span style="font-size:10pt;font-family:Arial;color:black"> <u></u><u></u></span></font></p>
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<p class="MsoNormal"><font color="black" face="Arial"><span style="font-size:10pt;font-family:Arial;color:black">Thanks and<u></u><u></u></span></font></p>
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<p class="MsoNormal"><font color="black" face="Arial"><span style="font-size:10pt;font-family:Arial;color:black"> <u></u><u></u></span></font></p>
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<p class="MsoNormal"><font color="black" face="Arial"><span style="font-size:10pt;font-family:Arial;color:black"> <u></u><u></u></span></font></p>
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<p class="MsoNormal"><font color="black" face="Arial"><span style="font-size:10pt;font-family:Arial;color:black"> <u></u><u></u></span></font></p>
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<p class="MsoNormal"><font color="black" face="Arial"><span style="font-size:10pt;font-family:Arial;color:black">Live
Free,<br>
<br>
Sam Goldstein<br>
At Large Representative<br>
IT Committee Chair<br>
Libertarian National Committee<br>
<a href="tel:317-850-0726" value="+13178500726" target="_blank">317-850-0726</a> <u></u><u></u>Mobile<u></u><u></u><br>
<a href="mailto:sam.goldstein@lp.org" target="_blank">sam.goldstein@lp.org</a> Email<u></u><u></u></span></font></p>
</div>
</div>
<u></u><u></u><u></u><u></u><u></u><u></u></div></blockquote></div><br>_______________________________________________<br>
Lnc-business mailing list<br>
<a href="mailto:Lnc-business@hq.lp.org">Lnc-business@hq.lp.org</a><br>
<a href="http://hq.lp.org/mailman/listinfo/lnc-business_hq.lp.org" target="_blank">http://hq.lp.org/mailman/listinfo/lnc-business_hq.lp.org</a><br>
<br></blockquote></div><br><br clear="all"><br>-- <br><div dir="ltr"><font size="1"><i>"In general, we look for a new law by the following process. First, we guess it (audience laughter), no, don’t laugh, that’s the truth. Then we compute the consequences of the guess, to see what, if this is right, if this law we guess is right, to see what it would imply and then we compare the computation results to nature or we say compare to experiment or experience, compare it directly with observations to see if it works.<font><b> If it disagrees with experiment, it’s WRONG. In that simple statement is the key to science.</b></font> It doesn’t make any difference how beautiful your guess is, it doesn’t matter how smart you are, who made the guess, or what his name is. If it disagrees with experiment, it’s wrong. That’s all there is to it.”</i> -- Richard Feynman</font><br>
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